SLB shares rise 3.3% as oil-field services sentiment improves ahead of Q1 results

SLB (SLB) is up 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a stronger tape for energy names as crude prices have been volatile but elevated amid Middle East shipping-risk headlines, which tends to support expectations for upstream spending and oilfield services demand. Investors may also be positioning ahead of SLB’s first-quarter 2026 results on April 24, with recent subsea awards and portfolio actions reinforcing confidence in international and offshore activity.

Details:

SLB scheduled its Q1 2026 earnings release for April 24, 2026 (7:00 a.m. ET) followed by an 11:00 a.m. ET conference call, which can drive pre-earnings repositioning.

SLB’s OneSubsea joint venture won a contract from Beacon Offshore Energy to deliver a high-pressure, high-temperature multiphase boosting system for the Shenandoah field in the Gulf of America, highlighting continued deepwater investment.

SLB completed the acquisition of Norway-based HydraWell Intervention, adding plug-and-abandonment and well-integrity remediation technology aimed at improving cost and operational efficiency for decommissioning work.

Oil prices have recently moved higher on reports of heightened risk to tanker traffic and flow disruptions around the Strait of Hormuz, a macro tailwind for many energy-exposed equities.

Sources:

SLB, Associated Press, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SLB Insider Trading Activity

$SLB insiders have traded $SLB stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.

Here’s a breakdown of recent trading of $SLB stock by insiders over the last 6 months:

ABDELLAH MERAD (EVP, Core Services & Equipment) has made 0 purchases and 2 sales selling 120,000 shares for an estimated $5,243,400.
STEPHANE BIGUET (EVP & CFO) has made 0 purchases and 2 sales selling 99,464 shares for an estimated $4,445,472.
PEUCH OLIVIER LE (Chief Executive Officer) has made 0 purchases and 3 sales selling 75,000 shares for an estimated $3,824,000.
DIANNE B. RALSTON (Chief Legal Officer & Sec) sold 18,617 shares for an estimated $921,541
HOWARD GUILD (Chief Accounting Officer) sold 13,268 shares for an estimated $659,419
LA CHEVARDIERE PATRICK DE has made 0 purchases and 3 sales selling 8,000 shares for an estimated $409,260.
PETER JOHN COLEMAN sold 5,500 shares for an estimated $197,010

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

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$SLB Hedge Fund Activity

We have seen 735 institutional investors add shares of $SLB stock to their portfolio, and 725 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 11,884,654 shares (+169.0%) to their portfolio in Q4 2025, for an estimated $456,133,020
PACER ADVISORS, INC. removed 8,712,517 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $334,386,402
SANDERS CAPITAL, LLC removed 7,590,519 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $291,324,119
ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. added 7,081,044 shares (+2098.1%) to their portfolio in Q1 2026, for an estimated $363,894,851
BLACKROCK, INC. added 6,448,765 shares (+5.3%) to their portfolio in Q4 2025, for an estimated $247,503,600
BANK OF NEW YORK MELLON CORP added 6,149,511 shares (+64.4%) to their portfolio in Q4 2025, for an estimated $236,018,232
BALYASNY ASSET MANAGEMENT L.P. removed 5,929,277 shares (-96.9%) from their portfolio in Q4 2025, for an estimated $227,565,651

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$SLB Government Contracts

We have seen $2,863,469 of award payments to $SLB over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

GIT MAINTENANCE FY26 SLB: $1,975,602
GIT PROSOURCE UPGRADE: $799,040
BOEM STUDIO MANAGER PLUGIN GIT: $68,424
PULSED NEUTRON GENERATORS FOR THE NASA DRAGONFLY AND DRAGONFLY TITAN LANDER AND THE DEVELOPMENT AND ADVANCE...: $20,402

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$SLB Congressional Stock Trading

Members of Congress have traded $SLB stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $SLB stock by members of Congress over the last 6 months:

REPRESENTATIVE LISA C. MCCLAIN has traded it 3 times. They made 1 purchase worth up to $15,000 on 10/30 and 2 sales worth up to $30,000 on 10/31, 10/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$SLB Analyst Ratings

Wall Street analysts have issued reports on $SLB in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Stifel issued a "Buy" rating on 01/21/2026
Evercore ISI Group issued a "Outperform" rating on 01/06/2026
Bernstein issued a "Outperform" rating on 12/11/2025

To track analyst ratings and price targets for $SLB, check out Quiver Quantitative's $SLB forecast page.

$SLB Price Targets

Multiple analysts have issued price targets for $SLB recently. We have seen 18 analysts offer price targets for $SLB in the last 6 months, with a median target of $55.0.

Here are some recent targets:

Connor Lynagh from Morgan Stanley set a target price of $55.0 on 04/15/2026
Derek Podhaizer from Piper Sandler set a target price of $59.0 on 04/15/2026
Bascome Majors from Susquehanna set a target price of $60.0 on 04/07/2026
Guillaume Delaby from Bernstein set a target price of $56.1 on 03/12/2026
Neil Mehta from Goldman Sachs set a target price of $60.0 on 03/04/2026
Lloyd Byrne from Jefferies set a target price of $58.0 on 02/02/2026
David Anderson from Barclays set a target price of $49.0 on 01/26/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.